CPACNYSECement, HydraulicUS GAAP · USD

Cementos Pacasmayo S.A.A

Cementos Pacasmayo S.A.A. is a Peruvian building materials company headquartered in the northern part of Peru, with shares listed in Lima and New York. It produces and sells cement, ready-mix concrete, precast products, quicklime, and other construction materials through its own plants and distribution network.

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Business

Share of revenue
Cement45 %

Bulk and bagged cement used in residential, commercial, and infrastructure construction.

Concrete and aggregates25 %

Ready-mix concrete and related aggregates sold for on-site construction and projects.

Precast and prefabricated products15 %

Precast building materials and prefabricated elements for faster construction.

Quicklime and industrial materials8 %

Quicklime and related materials supplied mainly for mining and industrial uses.

Complementary construction solutions7 %

Bagged products, paint, pavements, and other construction-related offerings.

Customers

The company sells mainly to construction-related buyers in northern Peru, where demand comes from housing, commercial building, infrastructure, and public works. It also serves industrial customers that use quicklime, as well as distributors and contractors that buy bagged and ready-to-use materials for local projects.

Construction contractors

Buy cement, ready-mix concrete, and precast products for project execution and scheduling flexibility.

Housing and real estate developers

Buy cement and concrete solutions for residential and mixed-use building projects.

Infrastructure and public works buyers

Buy large volumes of cement and concrete for roads, airports, and civic works.

Industrial and mining customers

Buy quicklime and related materials for mining and industrial processing.

Distributors and retail channels

Buy bagged cement and complementary materials for resale into local markets.

Strategy

The company’s strategy is centered on serving northern Peru with an integrated platform of cement, concrete, precast, and complementary building materials. Its plant network and channel segmentation are designed to support customer access, product mix breadth, and participation in both construction and mining-related demand.

Integrated product portfolioMedium term

A wider mix allows the company to sell more of the construction value chain per customer.

Regional production networkMedium term

Plants near the market reduce delivery distances and improve service to northern Peru customers.

Channel segmentationShort term

Different customer types require distinct sales, packaging, and distribution approaches.

Serving mining-related demandLong term

Quicklime provides exposure to industrial demand beyond building construction.

Geography

The company’s core business is concentrated in northern Peru, where it operates three production plants in Pacasmayo, Rioja, and Piura. Its market access, logistics, and customer base are centered on that region, while the Peru-wide listing structure and New York cross-listing broaden investor visibility rather than operating scope.

Risks

The business is exposed to cyclical construction demand in Peru, where infrastructure and housing activity drive volumes across cement and concrete. Because production is concentrated in northern Peru and tied to a small number of plants, the company also faces regional logistics, operating, and asset-concentration risks.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Peruvian construction cycle1Regional concentration in northern Peru2Industrial demand volatility3Asset and maintenance risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Peruvian construction cycleImpact: HighLikelihood: High

    Cement, concrete, and precast demand depend on housing, infrastructure, and public investment.

    Exposure: Core sales volumes

  2. Regional concentration in northern PeruImpact: MediumLikelihood: High

    The plant network and market footprint are centered in one geographic area.

    Exposure: Operations and distribution

  3. Industrial demand volatilityImpact: MediumLikelihood: Medium

    Quicklime demand is linked to mining and industrial activity.

    Exposure: Quicklime volumes

  4. Asset and maintenance riskImpact: MediumLikelihood: Medium

    Heavy industrial plants require continuous upkeep and stable operating performance.

    ExposurePacasmayoRiojaPiura plants
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Accounting

Judgemental items
Impairment of non-financial assets

The company applies recoverable-amount testing to plant assets and CGUs, which can trigger write-downs if forecasts weaken.

Impact: Plant and equipment valuations

Debt and interest obligations

Outstanding bonds and club-deal borrowings affect financing costs and balance-sheet leverage.

Impact: Net debt and finance expense

Tax contingencies

The report references tax proceedings and favorable rulings, indicating judgment around uncertain tax positions.

Impact: Tax expense and liabilities

Treasury shares and consolidation

Subsidiaries are fully consolidated and intra-group balances are eliminated, affecting reported group results.

Impact: Equity and consolidated statements

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Last updated: 28/09/2026